3 Tips For Energy Broker Price Desk Managers
Managing an energy broker pricing desk can be complicated. In today’s current climate, many commercial energy customers require custom energy quotes, and working a slew of price requests can quickly get disorganized. This article outlines three ways energy broker Price Desk Managers can stay organized and utilize technology to make their lives easier.
1. Organize Your Quotes By Utility
First, if you are operating an energy brokerage across multiple states or utilities, then it is easier to organize your requests by utility. Since all energy supplier price quotes are based on individual utility markets, sorting your list of requests by utility is a great way to manage your pipeline. EDGE’s RFP Management application allows Pricing Desk Managers to sort and manage custom energy pricing requests easily.
2. Assign A Status To Each Custom Quote
Next, it’s essential to decide how you will manage the stages of your pricing pipeline. While one size does not fit all, a simple status structure for your price requests could follow: Pending Request, Sent For Pricing, Quotes Received, Closing, Closed. Understanding the stage of each of your pricing requests is critical to remaining organized in the back office and communicating with your sales team. EDGE’s RFP Management application automatically assigns a status to each request and color codes each stage. This allows you to visually manage your pricing pipeline with ease.
3. Communicate With Suppliers In A Central Location
When many emails are flying between multiple suppliers, it’s easy to miss something important. Having a centralized system for supplier communication is critical to staying organized, capturing all supplier price quotes, and taking advantage of energy pricing opportunities. EDGE’s RFP tool allows brokers to streamline supplier pricing communication in a single application.
Learn More About EDGE’s RFP Tools
If you are looking for a simple tool to streamline your custom price requests, you’ve come to the right place. EDGE’s RFP Management tool is the industry’s leading application for supplier price communication and custom price management. Contact us today to schedule a demo and learn more about how EDGE can help you become more efficient.
by Mike Harrison 1/13/23